Monday, April 10, 2023 4:01:26 AM
That raises three possibilities at least:
1) They are completely inept in their valuation of the combined assets held by the business, (inc Arknet) so why, therefore, should we trust in the recent valuations of the platforms and licensed tech added in?
2) There is no value in anything to do with ARknet or the pending patent approvals and they have therefore been highly competent in attributing a zero valuation on assets held prior to the addition of the new pseudo-multi-billion-dollar portfolio.
3) As you suggest, they simply forgot to add previously "owned" assets and that would be an unforgivably inept accounting error, wouldn’t it?
Far be it for me to question the competence of the elite dream management team of this company. But there is of course at least one other scenario, which is that TTCM doesn't own anything to do with Arknet and merely licenses the tech from the real owners (rather like the aforementioned new assets).
This brings me to the point I made in the tagged message I sent months ago, in which I suggested that this corporate exercise with PXR/El Dorado is exactly what they will do i.e. dumping a business (or in this case more than one it would seem) into the shell to make it public and legitimize the eventual sale of the assets through the financial markets.
The question remains. Why, if these “Assets” are worth so much, would they not simply sell them through the private sector? Why do they want them in a publicly listed entity at all? Also, in the same way that TTCM doesn’t in fact own the assets of ARknet, why would anyone assume that neo-TTCM, Artelligence will ‘own’ any of the assets of PXR or El Dorado.
So, ride boldly ride, to the end of that rainbow, until you find the answer.
As always, good luck.
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